America's Car-Mart, Inc. Opens 120th Dealership in Bethel Heights, Arkansas
January 31, 2013 at 10:53 pm
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America's Car-Mart Inc. announced the opening of its 120th dealership. The dealership is located in Bethel Heights, Arkansas. Bethel Heights is the company's 38th location in Arkansas.
This dealership will be operated under the Discount Auto brand. The company continues to expect to open additional dealerships at an approximate 10% annual rate beyond fiscal 2013.
America's Car-Mart, Inc. is an automotive retailer in the United States. The Company operates in the integrated auto sales and finance segment of the used car market. In this industry, the nature of the sale and the financing of the transaction, financing processes, the type of customer and the methods used to distribute the Companyâs products and services, including the actual servicing of the contracts, as well as the regulatory environment in which the Company operates, all have similar characteristics. The Companyâs operations are principally conducted through its two operating subsidiaries, Americaâs Car Mart, Inc., an Arkansas corporation (Car-Mart of Arkansas) and Colonial Auto Finance, Inc., an Arkansas corporation (Colonial). The Company primarily sells older model used vehicles and provides financing for substantially all of its customers. The Company operates approximately 156 dealerships located primarily in small cities throughout the South-Central United States.